| Page | |||
|---|---|---|---|
| Report ofthe | Trustees | 1to8 | |
| Independent | Examiner's Report |
||
| Statement of |
Financial Activities | 10 | |
| Balance Sheet | 11to 12 | ||
| Notes to the Financial Statements | 13to 26 | ||
| Detailed Statement of Financial | Activities | 27to 28 |
| 31.10.20 | 31.10.19 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Tota I |
|||
| funds | funds | funds | funds | |||
| Notes | f | f | f | f | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
27,084 | 1,483 | 28,567 | 10,805 | ||
| Charitable activities |
||||||
| Courses and training | 5,554 | 5,554 | 11,643 | |||
| Membership subscriptions |
79,522 | 79,522 | 82,323 | |||
| Newsletter and publications |
18,152 | 18,152 | 26,660 | |||
| Federation meetings |
14,634 | |||||
| Other trading activities |
16,439 | 16,439 | 17,343 | |||
| Investment income |
24,936 | 24,936 | 28,555 | |||
| Other income | 3,078 | 3,078 | 7,276 | |||
| Total | 174,765 | 1,483 | 176,248 | 199,239 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 13,530 | 13,530 | 12,588 | |||
| Charitable activities |
||||||
| Courses and training | 3,309 | 3,309 | 12,427 | |||
| Newsletter and publications |
5,791 | 5,791 | 15,402 | |||
| Federation meetings |
3,318 | 3,318 | 15,298 | |||
| Support costs | 119,362 | 119,362 | 124,661 | |||
| Governance | 7,611 | 7,611 | 6,836 | |||
| Other charitable expenditure |
261 | 292 | 553 | 2,599 | ||
| Total | 153,182 | 292 | 153,474 | 189,811 | ||
| Net gains/(losses) on investments |
(83,470) | (83,470) | 23,620 | |||
| NET INCOME/(EXPENDITURE) | (61,887) | 1,191 | (60,696) | 33,048 | ||
| Transfers between funds |
15 | 1,827 | (1,827) | |||
| Net movement in funds |
(60,060) | (636) | (60,696) | 33,048 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
1,163,542 | 8,449 | 1,171,991 | 1,138,943 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,103,482 | 7,813 | 1,111,295 | 1,171,991 |
| At 31 | October 2020 | |||||
|---|---|---|---|---|---|---|
| 31.10.20 | 31.10.19 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f | f | f | f | ||
| FIXEDASSETS | ||||||
| Tangible assets | 10 | 349,577 | 349,577 | 348,634 | ||
| Investments | 11 | 548,554 | 548,554 | 633,259 | ||
| 898,131 | 898,131 | 981,893 | ||||
| CURRENT ASSETS | ||||||
| Stocks | 12 | 2,263 | 2,263 | 2,186 | ||
| Debtors | 13 | 26,355 | 26,355 | 25,289 | ||
| Cash at bank and | in hand | 197,236 | 7,813 | 205,049 | 203,512 | |
| 225,854 | 7,813 | 233,667 | 230,987 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
14 | (20,503) | (20,503) | (40,889) | ||
| NET CURRENT ASSETS | 205,351 | 7,813 | 213,164 | 190,098 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 1,103,482 | 7,813 | 1,111,295 | 1,171,991 | ||
| NET ASSETS | 1,103,482 | 7,813 | 1,111,295 | 1,171,991 | ||
| FUNDS | 15 | |||||
| Unrestricted funds |
1,103,482 | 1,163,542 | ||||
| Restricted funds | 7,813 | 8,449 | ||||
| TOTAL FUNDS | 1,111,295 | 1,171,991 |
| 31.10.20 | 31.10.19 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Donations | 5,184 | 10,805 | ||||
| Grants | 23,383 | |||||
| 28,567 | 10,805 | |||||
| Grants received, included | in the above, are as follows: | |||||
| 31.10.20 | 31.10.19 | |||||
| f | E | |||||
| Furlough | grant | 23,383 | ||||
| 3. | OTHER TRADING ACTIVITIES | |||||
| 31.10.20 | 31.10.19 | |||||
| E | f | |||||
| Fundraising | events | 15,913 | 14,385 | |||
| Shop income | 526 | 2,958 | ||||
| 16,439 | 17,343 |
| 31.10.20 | 31.10.19 | ||||
|---|---|---|---|---|---|
| E | f | ||||
| Income from investments | held on a recognised | stock exchange | - UK | 24,044 | 28,219 |
| Bank interest receivable | 892 | 336 | |||
| 24,936 | 28,555 |
| Governance | Governance | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Finance | Other | costs | Totals | ||||||
| f | E | E | E | ||||||
| Support costs | 1,262 | 118,100 | 119,362 | ||||||
| Governance | 7,611 | 7,611 | |||||||
| 1,262 | 118,100 | 7,611 | 126,973 | ||||||
| Support costs, included | in the above, are as follows: | ||||||||
| 31.10.20 | 31.10.19 | ||||||||
| Support costs f |
Governance f |
Tota | I activities f |
Tota | I activities f |
||||
| Bank charges | 1,262 | 1,262 | 1,610 | ||||||
| Wages | 74,531 | 74,531 | 66,685 | ||||||
| Social security | 917 | 917 | 251 | ||||||
| Pensions | 1,011 | 1,011 | 776 | ||||||
| Operating leases - plant |
and machinery | 715 | 715 | 1,501 | |||||
| Property expenses | 9,985 | 9,985 | 10,377 | ||||||
| Insurance | 3,342 | 3,342 | 5,010 | ||||||
| Other professional | fees | 8,751 | 8,751 | 13,238 | |||||
| Telephone | 3,451 | 3,451 | 4,176 | ||||||
| Printing, postage and stationery |
5,481 | 5,481 | 6,556 | ||||||
| Other administrative | expenses | 2,339 | 2,339 | 4,643 | |||||
| Depreciation | oftangible | fixed assets | 7,577 | 7,577 | 7,512 | ||||
| Loss on sale oftangible | fixed assets | 2,326 | |||||||
| Board ofTrustees | 1,432 | 1,432 | 3,420 | ||||||
| Accountancy | 3,485 | 3,485 | 2,756 | ||||||
| Training | 2,694 | 2,694 | |||||||
| 119,362 | 7,611 | 126,973 | 130,837 |
| 31.10.20 | 31.10.19 | |||
|---|---|---|---|---|
| E | E | |||
| Depreciation | —owned assets | 7,577 | 7,512 | |
| Other operating | leases | 715 | 1,501 | |
| Deficit on disposal offixed asset | 2,326 | |||
| Pension costs | 1,011 | 776 |
| 31.10.20 | 31.10.19 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Wages and salaries | 74,531 | 66,685 | ||||
| Social security | costs | 917 | 251 | |||
| Other pension | costs | 1,011 | 776 | |||
| 76,459 | 67,712 | |||||
| The average monthly |
number ofemployees | during the year was as follows: | ||||
| 31.10.20 | 31.10.19 | |||||
| Administrative | staff | 5 | 5 | |||
| No employees | received emoluments | in excess ofE60,000. |
| Unrestricted | Restricted | Tota I |
||
|---|---|---|---|---|
| funds | funds | funds | ||
| E | E | E | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
10,805 | 10,805 | ||
| Charitable activities |
||||
| Courses and training | 11,643 | 11,643 | ||
| Membership subscriptions |
82,323 | 82,323 | ||
| Newsletter and publications |
26,660 | 26,660 | ||
| Carried forward | 120,626 | 120,626 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| f | E | f | |||
| Charitable activities |
|||||
| Brought forward | 120,626 | 120,626 | |||
| Federation meetings |
14,634 | 14,634 | |||
| Other trading activities |
17,343 | 17,343 | |||
| Investment income |
28,555 | 28,555 | |||
| Other income | 4,475 | 2,801 | 7,276 | ||
| Total | 196,438 | 2,801 | 199,239 | ||
| EXPENDITURE ON | |||||
| Raising funds | 12,588 | 12,588 | |||
| Charitable activities |
|||||
| Courses and training | 12,427 | 12,427 | |||
| Newsletter and publications |
15,402 | 15,402 | |||
| Federation meetings |
15,298 | 15,298 | |||
| Support costs | 124,661 | 124,661 | |||
| Governance | 6,836 | 6,836 | |||
| Other charitable expenditure |
1,984 | 615 | 2,599 | ||
| Total | 189,196 | 615 | 189,811 | ||
| Net gains/(losses) on investments |
23,620 | 23,620 | |||
| NET INCOME/(EXPENDITURE) | 30,862 | 2,186 | 33,048 | ||
| Transfers between | funds | 1,946 | (1,946) | ||
| Net movement in funds |
32,808 | 240 | 33,048 | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought | forward | 1,130,734 | 8,209 | 1,138,943 | |
| TOTAL FUNDS CARRIED FORWARD | 1,163,542 | 8,449 | 1,171,991 |
| 10. | TANGIBLE FIXEDASSETS | ||||||
|---|---|---|---|---|---|---|---|
| Freehold | Office | Fixtures and | |||||
| property | equipment | fittings | Totals | ||||
| f | f | f | f | ||||
| COST | |||||||
| At 1November 2019 | 429,848 | 8,993 | 20,026 | 458,867 | |||
| Additions | 680 | 7,840 | 8,520 | ||||
| At 31October 2020 | 429,848 | 9,673 | 27,866 | 467,387 | |||
| DEPRECIATION | |||||||
| At 1November 2019 | 84,208 | 6,204 | 19,821 | 110,233 | |||
| Charge for year | 5,720 | 958 | 899 | 7,577 | |||
| At 31October 2020 | 89,928 | 7,162 | 20,720 | 117,810 | |||
| NET BOOK VALUE | |||||||
| At 31October 2020 | 339,920 | 2,511 | 7,146 | 349,577 | |||
| At 31October 2019 | 345,640 | 2,789 | 205 | 348,634 | |||
| 11. | FIXEDASSET INVESTMENTS | ||||||
| Listed | |||||||
| investments | |||||||
| f | |||||||
| MARKET VALUE | |||||||
| At 1November 2019 |
633,259 | ||||||
| Additions | 58,141 | ||||||
| Disposals | (83,347) | ||||||
| Revaluations | (59,499) | ||||||
| At 31October 2020 | 548,554 | ||||||
| NET BOOK VALUE | |||||||
| At 31October 2020 | 548,554 | ||||||
| At 31October 2019 | 633,259 |
| 31 | October | 31 | October |
|---|---|---|---|
| 2020 | 2019 | ||
| f | f |
| for the Year Ended 31October 20 | for the Year Ended 31October 20 | for the Year Ended 31October 20 | for the Year Ended 31October 20 | 20 | ||
|---|---|---|---|---|---|---|
| 11. | FIXEDASSET INVESTMENTS - continued | |||||
| Mg G Corporate | Bond | 59,178 | 58,590 | |||
| AXA Investments | 40,762 | 41,976 | ||||
| Pimco Global Advisers | 41,760 | 42,120 | ||||
| Royal Dutch Shell | 38,475 | |||||
| Unilever | 33,030 | 34,669 | ||||
| Royal London | 28,740 | |||||
| Vanguard | 28,935 | |||||
| 3.759' Treasury Stock | 2020 | 38,997 | ||||
| 232,405 | 254,827 | |||||
| 12. | STOCKS | |||||
| 31.10.20 | 31.10.19 | |||||
| f | f | |||||
| Goods for resale | 2,263 | 2,186 | ||||
| 13. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 31.10.20 | 31.10.19 | |||||
| f | f | |||||
| Trade debtors | 342 | 2,305 | ||||
| Other debtors | 17,563 | 14,994 | ||||
| Prepayments | 8,450 | 7,990 | ||||
| 26,355 | 25,289 | |||||
| 14. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 31.10.20 | 31.10.19 | |||||
| f | f | |||||
| Trade creditors | 1,730 | 5,940 | ||||
| Other creditors | 18,773 | 34,949 | ||||
| 20,503 | 40,889 |
| Net movement | Transfers | Transfers | ||||
|---|---|---|---|---|---|---|
| At 1.11.19 | in funds | between | funds | At 31.10.20 | ||
| f | f | f | f | |||
| Unrestricted funds |
||||||
| General fund | 1,129,214 | (58,652) | (12,108) | 1,058,454 | ||
| Denman College - Surrey Room |
2,057 | (63) | 1,994 | |||
| IT Fund | 570 | (21) | 5,500 | 6,049 | ||
| Denman ACM |
f1Draw | 1,665 | 108 | 1,773 | ||
| Promotion Fund |
688 | (38) | 500 | 1,150 | ||
| Friendship Fund |
15,700 | 1,249 | 1,827 | 18,776 | ||
| Eileen Bowler | Legacy | 63 | (36) | 27 | ||
| Maintenance | fund | 5,738 | (1,632) | 1,000 | 5,106 | |
| Training Fund |
2,454 | (2,694) | 5,000 | 4,760 | ||
| Bursary Fund | 5,393 | 5,393 | ||||
| 1,163,542 | (61,887) | 1,827 | 1,103,482 | |||
| Restricted funds | ||||||
| Let's cook | 1,655 | (292) | 1,363 | |||
| Friendship Fund |
6,794 | 1,483 | (1,827) | 6,450 | ||
| 8,449 | 1,191 | (1,827) | 7,813 | |||
| TOTAL FUNDS | 1,171,991 | (60,696) | 1,111,295 |
| Incoming | Resources | Gains and | Movement in |
||
|---|---|---|---|---|---|
| resources | expended | losses | funds | ||
| f | f | f | E | ||
| Unrestricted | funds | ||||
| General fund | 173,495 | (148,677) | (83,470) | (58,652) | |
| Denman College - Surrey Room |
(63) | (63) | |||
| Promotion Fund |
(38) | (38) | |||
| Friendship Fund |
1,270 | (21) | 1,249 | ||
| IT Fund | (21) | (21) | |||
| Eileen Bowler | Legacy | (36) | (36) | ||
| Maintenance | fund | (1,632) | (1,632) | ||
| Training Fund |
(2,694) | (2,694) | |||
| 174,765 | (153,182) | (83,470) | (61,887) | ||
| Restricted funds | |||||
| Friendship Fund |
1,483 | 1,483 | |||
| Let's cook | (292) | (292) | |||
| 1,483 | (292) | 1,191 | |||
| TOTAL FUNDS | 176,248 | (153,474) | (83,470) | (60,696) |
| Comparatives | for movement in funds |
|||||
|---|---|---|---|---|---|---|
| Net movement | Transfers | |||||
| At 1.11.18 | in funds | between | funds | At 31.10.19 | ||
| f | f | f | f | |||
| Unrestricted | Funds | |||||
| General fund | 1,104,259 | 28,065 | (3,110) | 1,129,214 | ||
| Denman College - Surrey Room |
1,911 | 146 | 2,057 | |||
| IT Fund | 1,000 | (680) | 250 | 570 | ||
| Denman ACM |
f1 Draw | 1,617 | (252) | 300 | 1,665 | |
| Promotion Fund |
425 | (237) | 500 | 688 | ||
| Friendship Fund |
7,740 | 6,014 | 1,946 | 15,700 | ||
| Eileen Bowler | Legacy | 127 | (64) | 63 | ||
| Maintenance | fund | 5,738 | 5,738 | |||
| Training Fund |
1,114 | (660) | 2,000 | 2,454 | ||
| Bursary Fund | 6,803 | (1,470) | 60 | 5,393 | ||
| 1,130,734 | 30,862 | 1,946 | 1,163,542 | |||
| Restricted Funds |
||||||
| Let's cook | 1,655 | 1,655 | ||||
| Friendship Fund |
6,554 | 2,186 | (1,946) | 6,794 | ||
| 8,209 | 2,186 | (1,946) | 8,449 | |||
| TOTAL FUNDS | 1,138,943 | 33,048 | 1,171,991 |
| Incoming | Resources | Gains and | Gains and | Movement in |
|||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | funds | ||||
| f | f | f | f | ||||
| Unrestricted funds |
|||||||
| General fund | 185,851 | (181,406) | 23,620 | 28,065 | |||
| Denman College - Surrey |
Room | 200 | (54) | 146 | |||
| Denman ACM |
f1Draw | 2,448 | (2,700) | (252) | |||
| Promotion Fund |
1,515 | (1,752) | (237) | ||||
| Friendship Fund |
6,424 | (410) | 6,014 | ||||
| IT Fund | (680) | (680) | |||||
| Eileen Bowler | Legacy | (64) | (64) | ||||
| Training Fund |
(660) | (660) | |||||
| Bursary Fund | (1,470) | (1,470) | |||||
| 196,438 | (189,196) | 23,620 | 30,862 | ||||
| Restricted funds | |||||||
| Friendship Fund |
2,801 | (615) | 2,186 | ||||
| TOTAL FUNDS | 199,239 | (189,811) | 23,620 | 33,048 | |||
| A current year | 12months | and prior year 12months | combined position |
is as follows: | |||
| Net | movement | Transfers | |||||
| At 1.11.18 | in funds | between | funds | At 31.10.20 | |||
| f | f | f | f | ||||
| Unrestricted funds |
|||||||
| General fund | 1,104,259 | (30,587) | (15,218) | 1,058,454 | |||
| Denman College - Surrey |
Room | 1,911 | 83 | 1,994 | |||
| IT Fund | 1,000 | (701) | 5,750 | 6,049 | |||
| Denman ACM |
f1 Draw | 1,617 | (252) | 408 | 1,773 | ||
| Promotion Fund |
425 | (275) | 1,000 | 1,150 | |||
| Friendship Fund |
7,740 | 7,263 | 3,773 | 18,776 | |||
| Eileen Bowler | Legacy | 127 | (100) | 27 | |||
| Maintenance | fund | 5,738 | (1,632) | 1,000 | 5,106 | ||
| Training Fund |
1,114 | (3,354) | 7,000 | 4,760 | |||
| Bursary Fund | 6,803 | (1,470) | 60 | 5,393 | |||
| Restricted funds | |||||||
| Let's cook | 1,655 | (292) | 1,363 | ||||
| Friendship Fund |
6,554 | 3,669 | (3,773) | 6,450 | |||
| 8,209 | 3,377 | (3,773) | 7,813 | ||||
| TOTAL FUNDS | 1,138,943 | (27,648) | 1,111,295 |
| incoming | Resources | Gains and | Movement in |
||
|---|---|---|---|---|---|
| resources | expended | losses | funds | ||
| f | f | f | f | ||
| Unrestricted | funds | ||||
| General fund | 359,346 | (330,083) | (59,850) | (30,587) | |
| Denman College - Surrey Room |
200 | (1») | 83 | ||
| Denman ACM F1 Draw |
2,448 | (2,700) | (252) | ||
| Promotion Fund |
1,515 | (1,790) | (275) | ||
| Friendship Fund |
7,694 | (431) | 7,263 | ||
| IT Fund | (701) | (701) | |||
| Eileen Bowler | Legacy | (100) | (100) | ||
| Maintenance | fund | (1,632) | (1,632) | ||
| Training Fund |
(3,354) | (3,354) | |||
| Bursary Fund | (1,470) | (1,470) | |||
| 371,203 | (342,378) | (59,850) | (31,025) | ||
| Restricted funds | |||||
| Friendship Fund |
4,284 | (615) | 3,669 | ||
| Let's cook | (292) | (292) | |||
| 4,284 | (907) | 3,377 | |||
| TOTAL FUNDS | 375,487 | (343,285) | (59,850) | (27,648) |
| Detailed Statement of Financial Activities | |||||
|---|---|---|---|---|---|
| forthe Year Ended 31October 2020 | |||||
| 31.10.20 | 31.10.19 | ||||
| f | E | ||||
| Charitable activities |
|||||
| Federation meetings |
costs | 3,318 | 15,298 | ||
| Courses and training | 3,309 | 13,087 | |||
| Surrey Wl News | 5,791 | 15,340 | |||
| Yearbook | 62 | ||||
| Other expenses | 553 | 2,599 | |||
| 12,971 | 46,386 | ||||
| Support costs | |||||
| Finance | |||||
| Bank charges | 1,262 | 1,610 | |||
| Other | |||||
| Wages | 74,531 | 66,685 | |||
| Socia I security | 917 | 251 | |||
| Pensions | 1,011 | 776 | |||
| Operating leases - |
plant | and machinery | 715 | 1,501 | |
| Property expenses | 9,985 | 10,377 | |||
| Insurance | 3,342 | 5,010 | |||
| Other professional | fees | 8,751 | 13,238 | ||
| Telephone | 3,451 | 4,176 | |||
| Printing, postage and stationery |
5,481 | 6,556 | |||
| Other administrative | expenses | 2,339 | 4,643 | ||
| Freehold property | depreciation | 5,720 | 5,720 | ||
| Office equipment | depreciation | 958 | 1,490 | ||
| Fixtures and fittings | depreciation | 899 | 302 | ||
| Loss on sale oftangible | fixed assets | 2,326 | |||
| 118,100 | 123,051 | ||||
| Governance costs |
|||||
| Board ofTrustees | 1,432 | 3,420 | |||
| Accountancy | 3,485 | 2,756 | |||
| Training | 2,694 | ||||
| 7,611 | 6,176 | ||||
| Total resources expended | 153,474 | 189,811 | |||
| Net income before | gains | and losses | 22,774 | 9,428 | |
| Realised recognised | gains and losses | ||||
| Realised gains/(losses) | on fixed asset investments | (83,470) | 23,620 | ||
| Net (expenditure)/income | (60,696) | 33,048 |
| Detailed Statement of Financial Activities | Detailed Statement of Financial Activities | ||||||
|---|---|---|---|---|---|---|---|
| for | the Year Ended 31October 2020 | ||||||
| 31.10.20 | 31.10.19 | ||||||
| f | f | ||||||
| INCOME AND ENDOWMENTS | |||||||
| Donations and |
legacies | ||||||
| Donations | 5,184 | 10,805 | |||||
| Grants | 23,383 | ||||||
| 28,567 | 10,805 | ||||||
| Other trading | activities | ||||||
| Fundraising | events | 15,913 | 14,385 | ||||
| Shop income | 526 | 2,958 | |||||
| 16,439 | 17,343 | ||||||
| Investment | income | ||||||
| Income from | investments | held on a recognised | stock exchange - UK |
24,044 | 28,219 | ||
| Bank interest | receivable | 892 | 336 | ||||
| 24,936 | 28,555 | ||||||
| Charitable activities |
|||||||
| Membership | subscriptions | 79,522 | 82,323 | ||||
| Surrey Wl News | 14,619 | 22,472 | |||||
| Courses and | training | 5,554 | 11,643 | ||||
| Yearbook | 3,533 | 4,188 | |||||
| Federation meetings |
14,634 | ||||||
| 103,228 | 135,260 | ||||||
| Other income | |||||||
| Other income | 3,078 | 7,276 | |||||
| Total incoming | resources | 176,248 | 199,239 | ||||
| EXPENDITURE | |||||||
| Other trading | activities | ||||||
| Purchases | 1,098 | 2,112 | |||||
| Events | 12,432 | 10,476 | |||||
| 13,530 | 12,588 |